Market Recap – August 31st 💰

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Market Recap – August 31st

As the US is preparing to combat the Federal Reserve’s plan to control inflation, stocks are still falling, The S&P 500 sank 0.8%, the Dow dropped 0.9% and Nasdaq fell 0.6%. Bed Bath and Beyond’s stock plummeted 21% after the company revealed they would be laying off staff in about 150 stores.

However, there were some stocks that were in the positives despite the market after hours. Nutanix soared 22%, and Netflix went up 2.91 points after pushing to target different brands for their advertisements. Okta shares dropped 10%, despite the identity management company posting a beat on the top and bottom lines in its second-quarter results.

I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.

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